Compare mortgage rates and fees for leading lenders in Sevier, TN. Review free, personalized mortgage rates based on your specifc loan amount, program and other factors. Easily compare APRs, closing costs and monthly payments to find the lender offering the best mortgage rates in Sevier.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Sevier. Plus, shopping lenders is free and there is no obligation.
March 31, 2020
The current average rate for a 30 year fixed rate mortgage in Sevier is A.AAA%, the rate for a 15 year fixed rate mortgage is B.BBB% and the rate for a 5/1 adjustable rate mortgage (ARM) is C.CCC%
Below we provide helpful information on the real estate market, home prices and housing affordability in Sevier. Understand how much you need to earn to afford a home in Sevier, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Sevier fits your budget. This information is based on proprietary analysis you can only find on FREEandCLEAR and we offer it to help you decide if living in Sevier is right for you.
The median home value for Sevier, TN is $219,418
Based on current mortgage rates and a 10% down payment, you need to make $39,490 per year to buy the median priced home in Sevier
With this income, you could qualify for a $197,476 mortgage, assuming your monthly debt expense is reasonable
Based on this loan amount, the monthly mortgage payment required to buy the median priced home in Sevier is $915
The median household income for Sevier, TN is $46,903
Based on this income, you can afford a home valued at approximately $260,610
The home price you can afford to buy based on household income in Sevier is 119% of the median home value which means housing prices are average. Sevier ranks 92 out of 95 counties in Tennessee and 2,864 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Sevier, TN is average
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Sevier below.
Conforming loan limits for Sevier, TN
FHA loan limits for Sevier, TN
VA loan limits for Sevier, TN